By Fan Arch August 21, 2024 07:12
Photo by AP Photo/Peter K. Afriyie
After being drafted by the Oklahoma City Thunder in 2021, Australian professional basketball player Josh Giddey has made strong strides into playing with the NBA. His net worth as of 2024 would be $10 million. In this article, we explore the different sources contributing to his net worth, like his professional career, endorsem*nt deals,and much more.
Josh Giddey Career Review
Early Life and Becoming a Professional Basketball Player
Giddey was born on October 10th, 2002, in Melbourne, Australia, and fell in love with basketball at an early age. After college, he entered the 2019 NBA Draft after going undrafted, returned to his native Adelaide, and signed with an NBL team that wasn't good enough. The Oklahoma City Thunder drafted Giddey sixth overall at the 2021 NBA Draft, which will affect his career in America.
NBA Career and Earnings
Giddey is in the first year of a four-year, $27,214,807 contract with the Thunder, with $27,2140 guaranteed and a $6.8M annual average. He also has a very moderate increase in salary for 2024-25, currently at $8,352,367. He made significantly less money during his previous years before maturing as an individual and player.
Brand Deals and Sponsorships
Current Endorsem*nts
As his star continues to shine brighter within the NBA, companies have come calling to capitalize on his popularity. While hard numbers on that front are rarely reported, Giddey would lose $40 million from a deal to sell Sundown cereal following recent PR hurdles tied back his personal life.
Future Potential
His marketability is only expected to rise further as Giddey makes a name for himself in the league. Young athletes with major social media fanbases and a history of success on the court tend to command large endorsem*nt deals that could boost their net worth significantly over the next several years.
Sources of Investments and Other Incomings
Financial Management
While no specific investment details for Giddey are available to the public, it is well-known that professional athletes will participate in several investments, such as real estate and business deals. Athletes need impactful wealth management strategies if they want a better future for themselves and their financial standings.
Business Ventures
Later in Giddey's career, he may investigate business offers, launch his label, or invest in a start-up. Some athletes have managed the transition into entrepreneurship fairly, as it can greatly contribute to their net worth.
Growth Potential
Giddey will make substantially more money shortly, as his salary and net worth will only increase with time. His income growth will be largely based on performance improvements, team success, and marketability.
Financial History
Giddey's specific expenditure plans are not explicitly detailed anywhere, as it is a good sign to see young athletes taking a balanced approach to spending cash. Some athletes go broke because they live glamorous lifestyles, but Giddey seems to have his priorities right and is concentrating on a career in the NBA, where he could potentially make millions of dollars.
Josh got his opportunity to play in the NBA with a net worth of around tens of millions. Armed with a great deal, an emerging endorsem*nt market, and likely lucrative investments later that will only add to his wealth shortly. How he handles professional sports and personal battles will enormously impact his financial well-being.
Giddey serves as a perfect testament to the limitless possibilities that young NBA athletes can take advantage of on and off the court, and we will eagerly await how his financial future shapes up from here.
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